Senator (1k+ posts)

MPA (400+ posts)

I don’t understand what is happening wrong with the economy or where is the government incompetence? If you are going to criticise then do it constructively. Pick one subject and say here is the government failing. I would love everyone to calm down and come up with one, just one economic failure so far?

Minister (2k+ posts)

MPA (400+ posts)

I don’t understand what is happening wrong with the economy or where is the government incompetence? If you are going to criticise then do it constructively. Pick one subject and say here is the government failing. I would love everyone to calm down and come up with one, just one economic failure so far?

MPA (400+ posts)

1. Devalued rupee or the ACTUAL VALUE of a rupee? It’s like a scant man crying out at people, I AM A MILLIONAIRE- HURRAY. No sir, your rupee is still overvalued. Secondly, there is one and only one quick fix to stabilising Rupee, e.i, pumping Dollars from foreign reserves to the market to stabilize the demand-supply equation. How much foreign reserves are left? 7 Billion Sir!! So the only other way is to increase export, decrease import, stop money laundering etc which the government is actively working on. Your trade deficit due to government mini-budget has dropped from 2 to 1 Billion Dollars.

Senator (1k+ posts)

Did Asad not mention it earlier that Pakistan economy is in hot waters? He was loud and clear on the state of economy and said there will be desperate measures needed and more loans will be required to pay off existing loans' interest alone. It is obvious that loans has been taken but where they have been spent is the key. Were they used to compile own assests abroad or stashed in personal accounts? Answer will give the clear picture.

MPA (400+ posts)

1. Devalued rupee or the ACTUAL VALUE of a rupee? It’s like a scant man crying out at people, I AM A MILLIONAIRE- HURRAY. No sir, your rupee is still overvalued. Secondly, there is one and only one quick fix to stabilising Rupee, e.i, pumping Dollars from foreign reserves to the market to stabilize the demand-supply equation. How much foreign reserves are left? 7 Billion Sir!! So the only other way is to increase export, decrease import, stop money laundering etc which the government is actively working on. Your trade deficit due to government mini-budget has dropped from 2 to 1 Billion Dollars.

We import most of the raw material? How come? We need to reduce import duties on most of the things that are used for export. On top of that, devalued currency helps boost exports big times. So where did the government fail?

Secondly, how do you stabilise Rupee? Either by pumping Dollars into the marketing which is not possible as we do not have enough reserves or by correcting economy which takes time. Now, what is the alternative?

Minister (2k+ posts)

1. Devalued rupee or the ACTUAL VALUE of a rupee? It’s like a scant man crying out at people, I AM A MILLIONAIRE- HURRAY. No sir, your rupee is still overvalued. Secondly, there is one and only one quick fix to stabilising Rupee, e.i, pumping Dollars from foreign reserves to the market to stabilize the demand-supply equation. How much foreign reserves are left? 7 Billion Sir!! So the only other way is to increase export, decrease import, stop money laundering etc which the government is actively working on. Your trade deficit due to government mini-budget has dropped from 2 to 1 Billion Dollars.

Not only politicians but all of us. We do haram, eat haram and feed kids haram. Pakistan is not only ruled by morally corrupt but we practice moral corruption. Don’t just blame politicians but inshAllah this will change. Because we aren’t corrupt, it’s just that we have not seen the other side.

People talk about accountability and the pace of accountability. When corrupt people are in vast majority in every institution including those responsible to do accountability, how can you increase the pace of it? It will take time.

Regarding rupee devaluation, I am not here to defend what Imran khan said. Economy is science and let’s leave it to economists and not Media anchors. Media manipulated everything to get ratings. Remember few days ago they were propagating about increase in government bowering? Here are the facts https://www.dawn.com/news/amp/1456575?__twitter_impression=true